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Need help filling in 1-4 13 6.66 points eBook Hint OS 3-22 (Algo) Preparing closing entries LO P6 The following is the adjusted trial balance
Need help filling in 1-4
13 6.66 points eBook Hint OS 3-22 (Algo) Preparing closing entries LO P6 The following is the adjusted trial balance of Sierra Company Sierra Company Adjusted Trial Balance December 31 Account Title Debit Credit Cash $ 6,000 Prepaid insurance 600 Notes receivable (due in 5 5,000 years) Buildings 22,000 Accumulated depreciation- $ Buildings 13,000 Accounts payable 3,500 Notes payable (due in 3 4,000 years) Common stock 9.000 Retained earnings 3,500 Dividends 1,200 Consulting revenue 10,500 Wages expense 4,500 Depreciation expense- 2,400 Buildings Insurance expense 1,800 Totals $ 43,500 43,500 Print Reference Prepare its December 31 closing entries. View transaction list Journal entry worksheet 1 2 3 4 Prepare the entry to close the revenue account(s). Note: Enter debits before credits. Date General Journal December 31 Debit Credit Record entry View general journal Clear entry Step by Step Solution
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